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India becomes world’s 2nd largest LPG consumer after Ujjawla push

Speaking at the Asia LPG Summit here, he said active LPG consumers have grown at a compounded annual growth rate (CAGR) of 15 per cent – from 14.8 crore in 2014-15 to 22.4 crore in 2017-18.

The government’s push to provide clean cooking fuel to every household has turned India into the world’s second largest LPG consumer whose demand is projected to rise 34 per cent by 2025, Oil Secretary M MKutty said Tuesday.

Speaking at the Asia LPG Summit here, he said active LPG consumers have grown at a compounded annual growth rate (CAGR) of 15 per cent – from 14.8 crore in 2014-15 to 22.4 crore in 2017-18.

“Rapid increase in population combined with LPG penetration in rural areas has resulted in an average growth of 8.4 per cent in LPG consumption, making India the second largest consumer of LPG in the world at 22.5 million tonnes. “As per (oil) ministry’s projections and forecasts, LPG consumption is expected to grow to 30.3 million tonnes by 2025 and 40.6 million tonnes by 2040,” he said.

The government, he said, has taken a number of initiatives to promote usage of LPG across the country especially in rural households which otherwise depend on traditional fuels that are hazardous to health and polluting in nature.

Under Pradhan MantriUjjwalaYojana (PMUY) of providing free cooking gas (LPG) connection to poor, over 6.31 crore connections have been provided since the launch of the scheme on May 1, 2016.

“Before March 31, 2020, we will provide LPG connections to 8 crore households under PMUY,” he said, adding that “LPG connection is issued in the name of the women member of the household.”

Speaking at the summit, Oil Minister Dharmendra Pradhan said the Pradhan MantriUjjwalaYojana was launched in May 2016 with the objective of providing free LPG connections to 5 crore women belonging to poor households over a period of three years.

 

Source: https://greaterkashmir.com

(Note: This Story has been completely carried over from https://greaterkashmir.com and apaperboy.com has not edited the content)

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